Multi-family investment properties are assigned property classifications A, B, C, or D. Property class is determined based on characteristics such as condition, location, tenant income levels, age, rental rates, appreciation, and amenities. Similarly, areas in which properties are located are categorized into A, B, C, and D classes. Understanding a property's class and area rating are imperative for determining the success rate of your investment goals and for communicating your needs to your real estate agent.
These comprehensive descriptions of each class will help you better understand how multi-family investment properties are standardized:
"A" Class Areas refer to newer growth areas.
"B" Class areas refer to older areas with stability.
"C" Class Areas are older, declining, or relatively stable areas.
"D" Class Areas are older, rapidly declining areas.
When searching for investment properties for sale in the Puget Sound Area, choosing a property with a class of equal to or higher rating than the area (for instance, a "C" class property in a "B" or "C" class area) will stimulate growth and appreciation potential. Familiarizing yourself with multi-family investment property and area classifications will help you to determine which properties and areas align with your investment goals.
North Auburn Riverfront 4-Plex ~ Current Rents Cap at 6.1% - Rent Income @ $7000 Month. Owner did Major Deck Replacement & Renovated Unit A - Brand New! Most of the Units...
Listing courtesy of Keller Williams Downtown Sea.
Ravenna House is a 7-unit offering that is a great chance to get involved in a value-add opportunity without any heavy lifting. The building features spacious units, many...
Listing courtesy of Westlake Associates, Inc..
Prime Greenwood 7-unit located on 85th street, walking distance to Fred Meyer, bustling restaurants,and local shops. The property consists of two buildings, the primary b...
Listing courtesy of Kidder Mathews.
Paragon Real Estate Advisors is pleased to announce for sale the Ballard 10 Apartments. The offering is an investors dream with immediate upside potential. Units consist...
Listing courtesy of Paragon Real Estate Advisors.
Mid-century brick triplex in prime North Admiral location. Opportunity to own an income producing asset, attracting an excellent tenant base in a strategic location with ...
Listing courtesy of HomeSmart Real Estate Assoc.